China on Saturday released a global action plan for artificial intelligence that called for international cooperation on tech development and regulation.

Growth expected for Beijing’s AI industry despite US curbs, with some estimating a 55 per cent domestic market share for Chinese firms by 2027.

Business leaders who will speak at the main forum include former Google CEO Eric Schmidt, MiniMax founder Yan Junjie and SenseTime CEO Xu Li.

Chinese premier warns at global conference AI development must be weighed against security risks, urges ‘further consensus from the entire society’

Proposal comes days after US declares AI policy framework and Trump says tech race with China will define the 21st century.

China on Saturday released a global action plan for artificial intelligence that called for international cooperation on tech development and regulation.